By Rebecca Melvin
New York, March 26 – Geophysical Substrata Ltd. has priced a $114.5 million add-on to its 8% guaranteed medium-term notes due 2023 (B/B) at par plus accrued interest, according to a news release.
The new notes will form one series with an existing $151.5 million of 8% notes, which priced Dec. 20, 2018 and are guaranteed by subsidiaries SDP Services Ltd. and EICR (Cyprus) Ltd.
The new total deal size of $266 million. Both tranches priced under the company’s $400 million multicurrency medium-term note program.
Phillip Securities Pte. Ltd. was arranger and dealer of the Regulation S notes.
The British Virgin Islands-based holding company is in the oilfield services business.
| Issuer: | Geophysical Substrata Ltd.
|
| Guarantors: | SDP Services Ltd. and EICR (Cyprus) Ltd.
|
| Issue: | Notes
|
| Amount: | $114.5 million add-on
|
| Maturity: | 2023
|
| Arranger: | Phillip Securities Pte. Ltd.
|
| Coupon: | 8%
|
| Price: | Par
|
| Issue date: | March 26
|
| Distribution: | Regulation S
|
| Total deal size: | $266 million, including $151.5 million priced on Dec. 20, 2018
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
